Massive oil/gas deposits found of coast of Israel

|  July 23, 2012 |

Energy, in the form of hydrocarbons, seems to be springing up everywhere, including the coast of Israel.

Israel has been a relatively poor country, resource-wise, except for agriculture. This should change that substantially–one hopes for the better.

Who was the comedian who said: “Moses wanded in the desert for 40 years and found the only piece of land in the Middle East with no oil.” Well, no more.

So much for peak oil.

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